Results/Paras Capital
Paras Capital: owners who were already thinking about selling
The client
The thesis
Paras Capital acquires in healthcare services, a category where the businesses worth buying are owner-operated, rarely listed and almost never running a process. The entire question for a buyer here is whether you can reach the owner before anyone else does.
The result
What came back in the first month
In the first week of live sending an owner replied that they had been considering a sale already and had told nobody. That single message is the whole argument for off-market origination: the seller existed, was willing, and would not have appeared in any deal flow Paras was subscribed to.
Across the engagement the engine has opened 29 positive conversations with owners in the target profile, including operators asking directly how a partnership would work against their current model.
The method
What this kind of mandate actually needs
Owner-operated healthcare businesses respond to specificity about their own situation and to very little else. The approach has to name the thing the owner is genuinely weighing, which is usually succession, staffing or the next capital decision, rather than opening with an offer to buy.
Get that wrong and the identical list produces silence. This is the part that does not transfer between categories, and it is why we run one or two theses properly rather than many at once.
“Yes, in fact we were thinking about selling, so we would be open to talking with you.”
Figures are taken from our own systems and stated as measured. Where a number is a blended average across campaigns or variants, the page says so.
FAQ
Questions about this engagement
What does Paras Capital acquire?
Healthcare services businesses, typically owner-operated companies that are not running a sale process.
What did the origination engine produce?
29 positive conversations with owners in the target profile, including an owner in the first week who was already considering a sale and had not told the market.
Why does off-market matter for this thesis?
Because the businesses worth buying in this category rarely appear in a process. If the conversation does not start directly with the owner, it usually does not start at all.
See what this would produce for your mandate
Thirty minutes on your thesis, the size of your universe and who takes the call. Our pricing and our measured benchmarks are both published, so you can check them before we speak.
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